Since its July launch, the FedNow® Service, the Federal Reserve’s always-available real-time payment and settlement service, has been an appealing new instant payment option for community banks. However, questions about its integration and customer impact remain. In an ICBA-hosted webinar, Siobhán O’Malley of Federal Reserve Financial Services and Mark Majeske of Alacriti addressed many of those questions. They discussed the tangible benefits and the return on investment that real-time payments offer, delved into how community banks can connect, and shared experiences from financial institutions that have successfully implemented the service. The webinar equipped community banks with the necessary insights to harness the power of the FedNow Service in their operations.
To read more, download this webinar recap article.
